Spousal consent on agreement of purchase and sale

Assignment Help Financial Management

Reference no: EM131915042

1. Under what CIRCUMSTANCES would a real salesperson be required to obtain a spousal consent on an Agreement of Purchase and Sale?

a. When the buyer is married but only one spouse will have his or her name put on the deed.

b. In a common law relationship, both spouses must sign the consent when selling their home

c. If both spouses are on title, either the husband or wife must sign the spousal consent

d. If only one of the spouses in a marriage is on title and property is a matrimonial home

2. There are rights associated with the ownership of real property and there are also limitations on those rights. Which of the following statments correctly applies to these rights and restrictions.

a. An owner's right to subdivide his or her land is limited by the government's right to regulate

b. When a property owner dies, the right of escheat determines whether the owner's spouse or eldest child inherits the property

c. A riparian right gives a property owner a right of way to travel on the neighbour's property

d. A land developer has the right to impose zoningn bylaws to control the use of property once it is sold.

Reference no: EM131915042

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